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Which of the following, if True, would strengthen the argument in favor of a price increase?
Accounts Receivable
Money owed by customers to a company for goods or services provided on credit.
Notes Receivable
A customer’s written promise to pay an amount and possibly interest at an agreed-upon rate.
Allowance Method
The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.
Receivables
All money claims against other entities, including people, business firms, and other organizations.
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